1,712 Palo Alto Networks, Inc. $PANW Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 18,286 shares of the network technology company’s stock after acquiring an additional 1,712 shares during the quarter. Quadrant Capital Group LLC’s holdings in Palo Alto Networks were worth $7,260,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PANW. Solstein Capital LLC acquired a new stake in Palo Alto Networks in the 2nd quarter valued at $26,000. N.E.W. Advisory Services LLC bought a new stake in Palo Alto Networks in the second quarter valued at $27,000. Delos Wealth Advisors LLC acquired a new position in Palo Alto Networks during the second quarter worth $28,000. Principia Wealth Advisory LLC raised its stake in Palo Alto Networks by 125.0% during the second quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock worth $28,000 after acquiring an additional 45 shares in the last quarter. Finally, Private Wealth Management Group LLC raised its stake in Palo Alto Networks by 148.1% during the first quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company’s stock worth $32,000 after acquiring an additional 120 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John P. Key sold 2,500 shares of Palo Alto Networks stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at $3,760,300. The trade was a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Aparna Bawa sold 250 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $412.28, for a total transaction of $103,070.00. Following the transaction, the director owned 4,427 shares in the company, valued at approximately $1,825,163.56. This trade represents a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on PANW. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $430.00 price objective (up from $350.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. HSBC lowered their target price on shares of Palo Alto Networks from $201.00 to $190.00 in a report on Thursday, September 3rd. Phillip Securities lowered shares of Palo Alto Networks from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from $320.00 to $346.00 in a report on Monday, September 7th. Arete Research increased their target price on shares of Palo Alto Networks from $185.00 to $433.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Finally, Argus reissued a “buy” rating and set a $425.00 price target on shares of Palo Alto Networks in a report on Thursday, September 3rd. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $398.55.

Palo Alto Networks Trading Down 1.9%

PANW stock opened at $340.28 on Wednesday. The business has a fifty day moving average price of $371.03 and a 200 day moving average price of $304.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33. The stock has a market capitalization of $278.35 billion, a price-to-earnings ratio of 667.23, a P/E/G ratio of 9.99 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The business’s revenue was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. Analysts expect that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.